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   cjd (cjd@pkteerium.xyz)'s status on Saturday, 16-Dec-2023 07:23:15 JST cjd

   in reply to

   • LPS
   It sounds like you have a huge opportunity to invest in, and live in these countries which are going to be the next big frontier.
   
   But when I must make a decision of whether the bulk of the world's capital is mal-invested, or that you're just wrong, I hope you're not offended that I invoke Occam's razor.
   • pistolero :thispersondoesnotexist: likes this.
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     LPS (lps@masto.1146.nohost.me)'s status on Saturday, 16-Dec-2023 07:23:18 JST LPS

     in reply to

     @cjd this is why the West is crumbling and China has world leading technology and infrastructure while in the US has Homeless people everywhere, and it's only getting worse.

     Sadly for regular people, once BRICS takes more members, the US dollar will lose it's power quickly. As more and more countries will simply avoid smoke and mirrors and instead deal directly with productive economies.

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     LPS (lps@masto.1146.nohost.me)'s status on Saturday, 16-Dec-2023 07:23:21 JST LPS

     in reply to

     @cjd I wish this were true.

     The people that are the "captain's of industry" are not the smartest people in the room, they just happened to figure out how to game the system.

     The free market never has and will never exist. It's all a game of Crony Capitalism, buying political influence that then tilts the table in whatever direction you want it to be moved.

     Add to that currencies that have no real world backing, only financial trickery.

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     cjd (cjd@pkteerium.xyz)'s status on Saturday, 16-Dec-2023 07:23:22 JST cjd

     in reply to

     • LPS
     The wonderful thing about the system that is pejoratively referred to as "capitalism" is that you can do exactly that, and if your opinion is correct, you get more money.
     
     But it's not just about winning like at a casino. When you invest, you are actually VOTING on how humanity's finite resources should be allocated. If the ventures you "vote" for end up making products that more people want and need, you end up with more votes.
     
     The richest people in the world are (more or less) those who are the BEST at figuring out which ventures will most effectively serve humanity and convince the average joe to pay. And when these people control the means of production, they organize to shower us all with every kind of product and service we can imagine to want.
     
     Every time in history that government has taken that power away from them and placed it in the hands of nominated bureaucrats, there has always been shortages, famines, and eventual collapse.
     
     Even so, some of these Titans of Capital, such as Ray Dalio and the late Charlie Munger, believe as you do that China has a better system (or at least claim to). But one need look no further than valuations of Chinese companies to see that this opinion is an outlier. For the most part, the wealth of humanity believes in American businesses.
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     LPS (lps@masto.1146.nohost.me)'s status on Saturday, 16-Dec-2023 07:23:25 JST LPS

     in reply to

     @cjd that would be a better investment than US companies. The Chinese actually make things.

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     cjd (cjd@pkteerium.xyz)'s status on Saturday, 16-Dec-2023 07:23:26 JST cjd

     in reply to

     • LPS
     Have you told your financial planner to invest your retirement fund in Chinese companies?
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     LPS (lps@masto.1146.nohost.me)'s status on Saturday, 16-Dec-2023 07:23:28 JST LPS

     I find this so funny when there is talk about how China's manufacturing dominance gives an unfair advantage to its industries, in this case EV manufacturing, and the rest of the world can't compete.

     As if the US and EU are not already doing this in their own way, but just badly.

     Where would we be as a society if we actually "PLANNED" our economies instead of letting them simply be consumed by greed of the Oligarchs in the West?!

     https://yewtu.be/watch?v=l1xGA3BZpLI